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How to Buy Gold the Right Way in Canada

Are you planning to buy gold in Canada?  Thinking about buying some jewelry? Picking up big ticket items like precious metals can be a challenge, especially if it is your first time. Gold jewelry is a wonderful gift—to be enjoyed for generations to come. So, before you plop down your money, it’s a smart idea to educate yourself in advance to avoid mistakes when purchasing jewelry. Whether you are purchasing gold in BC, Ontario, or anywhere else in Canada, here are some handy tips on how to buy gold the right way.

Skipping out on research

Buying gold can be a major investment. So, it’s a smart idea to do some research first. Spend a little time looking at price trends, checking out shops, browsing the latest styles and fashions, and visiting gold sellers’ websites to see what they have to offer. Taking the time to educate yourself on the ins and outs of buying gold now can save you some major money and mistakes later. Make sure you check a recent price for gold in Canada, or where ever you are selling.

Neglecting to check the purity

It’s true what they say, you really do get what you pay for. Can’t believe you got such a great deal on that glittery piece of gold jewelry? Well, before you pat yourself on the back for hitting the jackpot, you may want to check the purity. The purity of gold is measured in karats. And as you might have guessed, the higher the karat count, the higher the purity, and the more valuable the gold.

Not shopping around

Going with the first dealer you come across can cost you money and the chance to find something truly unique and stunning. It might take a little sleuthing, but it will be well worth it in the long run. From antique to brand name pieces, there is some great gold jewelry out there that you or your loved one will cherish forever—it just takes a little patience and homework.

Purchasing gold from an unreliable dealer

There are a lot of dealers out there—make sure to choose wisely. After all, you don’t want to get stuck with overpriced or fake gold jewelry. So, when it comes time to buy gold in Canada, go with a trusted dealer who offers beautiful, quality pieces, and provides honest prices that are market-based. And a word to the wise, if the dealer is not listed with the Better Business Bureau, move on.

Not all gold sellers are created equal. So, don’t put your hard-earned money in the hands of just anyone.

Buying gold can be a fun, but scary process if you’re not prepared. Being armed with the right information and a trusted gold seller will ensure you get quality gold items without overpaying for them.

Looking to buy gold in Canada? Call us toll-free at 1-888-219-7001 or visit one of our convenient locations.